secwatch.observer — SEC 8-K summary
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Issuer:     HOME DEPOT, INC. (HD)
CIK:        0000354950
Form:       8-K
Filed at:   2023-05-16T23:59:59+00:00
Accession:  0000354950-23-000110
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Home Depot Q1 sales down 4.2% to $37.3B; EPS $3.82; cuts FY23 guidance to -2% to -5% sales decline
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- Sales $37.3B, down 4.2% YoY; comp sales -4.5%, U.S. comp -4.6%.
- Net earnings $3.9B, EPS $3.82 vs $4.09 YoY (diluted).
- Cites lumber deflation, unfavorable weather (especially extreme California weather).
- Updated FY23 guidance: sales decline 2-5%, operating margin 14.0-14.3%, EPS decline 7-13%.
- After $47B growth over 3 years, expects moderation in home improvement market.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354950/000035495023000110/0000354950-23-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/354950/000035495023000110/hd-20230516.htm
  HTML page:      https://secwatch.observer/filing/0000354950-23-000110

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer